The cryptocurrency market experienced a notable surge today as bitcoin (btc) reached a new historical peak, trading at approximately $105,500. This remarkable milestone underscores the cryptocurrency’s continued ascent and reflects broader bullish market trends. Alongside Bitcoin, major Altcoins such as ethereum (eth), XRP, and solana (SOL) also recorded upward movements within the past day, signaling a broad-based rally in the digital asset space. Fantom (FTM) was a standout performer, soaring by about 16.5%, with Stacks (STX) close behind, appreciating by 15.5%.
The global cryptocurrency market capitalization expanded by roughly 3.5%, reaching a total of $3.72 trillion. Meanwhile, trading volume experienced a robust increase of 19%, climbing to $148.5 billion. The Fear and Greed Index, a popular measure of market sentiment, registered a value of 79, highlighting extreme optimism prevailing among investors.
Bitcoin’s price dynamics today were particularly striking as it achieved its highest-ever valuation, surpassing previous records. It had been trading within a narrow band of $96,500 to $102,700 throughout the week, before today’s breakout. This upward trajectory was mirrored by altcoins, with meme coins also benefiting, as leading tokens gained around 3% over the same period.
At the time of this report, Bitcoin was trading at $104,800, reflecting a day-over-day increase of 2.8%. Its recent trading range fluctuated between a low of $101,000 and a high of $105,800. Bitcoin’s market capitalization was estimated at $2.09 trillion, with a 24-hour trading volume of $59.5 billion, and it maintained a market dominance of 55.5%. Notably, BTC Exchange-Traded Funds (ETFs) registered an inflow of $2.1 billion last week, marking a consistent trend of increased investor interest.
Ethereum’s current market performance also highlighted the positive sentiment surrounding the cryptocurrency sector. Trading at about $3,970, Ethereum experienced a 2.9% gain in the last 24 hours. Its market cap was reported at $480 billion, with a trading volume of $29.8 billion and a market dominance of 12.8%. Institutional interest was evident as Ethereum ETFs saw an inflow of $850 million last week, marking the largest inflow in recent weeks.
XRP demonstrated moderate growth, trading at $2.38, a 1% increase across the day. With a trading range of $2.36 to $2.46, XRP maintained its position as a major player, with a market cap of $137 billion and a volume of $6.8 billion. Recent announcements from BlackRock regarding a potential XRP ETF have fueled anticipation in the market.
Solana continued to display solid performance, trading at $221, marking a 1% increase over the past 24 hours. Its market cap stood at $105 billion, with a volume of $3.3 billion, ranking as the fifth-largest cryptocurrency by market cap with a dominance of 2.9%.
In the meme coin segment, the bullish trend persisted, aligning with broader market positivity. Dogecoin (DOGE) increased by 2.8%, trading at $0.39, while Shiba Inu (SHIB) rose by 1.8%, trading at $0.00002750. Other meme tokens such as PEPE, BONK, and FLOKI also posted minor gains, adding to the optimistic market sentiment.
Fantom’s 16.5% surge made it the top gainer today, with its price reaching $1.43. The coin traded between $1.18 and $1.46 throughout the day, reflecting its strong performance. Stacks followed closely, trading at $2.54 after a 15.5% jump in the last 24 hours, with a trading range of $2.19 to $2.61.
The Ethereum Name Service (ENS) also demonstrated impressive growth, gaining 12.5% to trade at $49.20. It recorded a trading range of $42.50 to $50.00, indicating robust market interest.
However, not all cryptocurrencies shared in the rally. Aave (AAVE) was the top loser today, dropping by 3.2% to trade at $365, with a range of $354 to $376. Despite this short-term setback, AAVE had a strong week overall, rising by 31.5% following significant investments by Trump World Liberty Financial.
In terms of market fluctuations, the hourly charts indicated a slight bearish trend, with Bitcoin experiencing a 0.4% dip in the last hour. Other major altcoins, including Ethereum, XRP, and Solana, also faced minor declines of around 0.9%, reflecting the inherent volatility of the crypto market. These variations are part and parcel of the dynamic nature of cryptocurrency trading, which continues to attract global attention. $BTC $ETH $SOL
